What are the responsibilities and job description for the Business Initiatives Cnsltnt 3 position at Wells Fargo?
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At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.
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Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
Responsible for leading cross functional/virtual teams to strategize, plan and execute a variety of programs, services and initiatives that are larger in scope and complexity. Examples might include, but are not limited to: finance / operational / executive management review coordination, process improvement and redesign, change management initiatives, ongoing oversight of a leadership / diversity / recognition / or general program oversight. Provides leadership to other consultants and analysts in the integration/implementation of programs/services/initiatives with cross functional business partners, recognizing the significance of competing priorities and strategies, and adjusting as necessary. Develops metrics and tracks/evaluates performance of programs, services and initiatives. Ensures plans/programs adhere to appropriate policies and regulations. Engages program or project manager at the appropriate level as defined in the Program/Project Management Policy to guide implementation.
The Wholesale Chief Operating Office – Strategy and Execution team oversees the Wholesale Bank’s strategic planning and business process management functions. Additionally, the team provides internal management consulting expertise to lead strategic projects across the Wholesale line of business.
The Wholesale lending LIBOR transition consultants will be responsible for supporting various work efforts for the transition away from LIBOR-based products, processes, and models to the new alternative reference rate. This role will lead and/or support a number of work efforts to help drive more efficiency and effectiveness for Wholesale line of business LIBOR responsibility centers.
Specific responsibilities will include, but not be limited to the following:
- Support the overall Wholesale lending LIBOR transition with various work efforts as identified
- Assist in assessing LIBOR Transition impacts and risks as well as monitoring the progress of transition plans/business cases, ensuring execution of plans is on track and partnering with program management to develop plans to ensure successful completion of deliverable.
- Possible work streams the LIBOR Transition Consultant may focus on may include areas such as: Business communications/team member awareness and training, external business communications/marketing needs, product and product operations, contracts analytics and reporting, etc.
- Coordinate and ensure strong partnership across partner teams within Wholesale that need to be engaged in specific work stream efforts (e.g., control, communications, audit, operational partners, etc.)
- Effectively partnering with others to ensure the Wholesale is in compliance with all regulatory, corporate reporting, balance sheet, accounting and capitalization requirements that are related to the LIBOR model transition effort.
- Provide thought planning and organization for program execution needs and ensure delivery of changes can be absorbed and adopted by the Wholesale LBO responsibility centers
- Provide leadership on specific cross-Wholesale LIBOR work streams to ensure that effort are appropriately scoped and deliverables are met.
Examples may include:
- Internal, client and regulatory communications strategies and execution
- Product development and operational strategies and execution
- Contracts, Agreements and other legal documentation (internal and external)
- Internal policies and procedures
- Marketing and other client-facing materials
- Models, systems, tools and third-party contracts and data feeds
- Team Member training
- Monitoring and reporting
- Controls and testing
- Budgets, resources and funding of technology enhancements
As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
- Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
- Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.
Required Qualifications
Other Desired Qualifications
- Understanding of Wells Fargo Wholesale’s credit systems and processes as well as working knowledge credit technology infrastructure/operations
- Working Credit Product life-cycle experience.
- Motivated self-driver who develops, maintains and expands relationships through the delivery of high quality work
- Proven track record with being able to define and deliver programs that are adopted and are sustainable
- Intellectually curious, quick thinker / learner who thrives in a collaborative team environment
- Record of adaptability, resilience, and effectiveness at engaging diverse teams with competing priorities Previous experience engaging with senior leaders and line of business staff
- Strong organizational and plan management skills
- Ability to successfully navigate / operate in a high pressure environment
- Excellent meeting facilitation, oral and written communication skills
- Expert level experience with Microsoft tools, particularly Word, Power Point, and Excel
- Experience building partnerships and consulting effectively with leadership
- Experience in problem analysis, solution implementation, and change management
- Experience identifying inefficiencies, finding opportunities to streamline business processes, and implementing change
- Change leadership experience
Job Expectations
Disclaimer
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.